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that's what steve jobs did with apple. >> caller: that's true. one of the things you talk about on your show is the risk factor and going into a business like walter white, that's very high. >> well, i think that's true, and if we were to look at say the s-1, the ipo document for mr. white or for hisenberg corp, the level of risk factors might exceed most, but when we see the cash the thing throws off, the only time i have seen a pile of cash as big as in "breaking bad," in the locker, your ex-wife had, would be steve jobs $10 billion that apple accumulated. >> caller: yep. he is -- he is an empire of himself is what he created, and that's walter white's ambition as well. >> one last question. when are you doing it my daughter watches the show with me. you do try to be as realistic as possible. to what a guy has to do to build a small business, even in a trade that is not a legal one. >> caller: absolutely. i mean, i think a lot of people misconnect the idea of an actor being a liar. you know, coming up and and pretending to be someone they are n
that's what steve jobs did with apple. >> caller: that's true. one of the things you talk about on your show is the risk factor and going into a business like walter white, that's very high. >> well, i think that's true, and if we were to look at say the s-1, the ipo document for mr. white or for hisenberg corp, the level of risk factors might exceed most, but when we see the cash the thing throws off, the only time i have seen a pile of cash as big as in "breaking bad,"...
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it is about the guy that wants to be the steve jobs of crystal meth, but coming up with a better product, dealing with distribution, it is all in there, and that's why i am thrilled to be able to talk to brian cranstop who also stars in "argo" the iranian hostage crisis era spy movie that i just saw, and, by the way, it is fabulous, and i did go to see it because i hearted brian was in it. brian cranstop plays cia officer jack o'donnell. you saw him in the clip. mr. cranstop, welcome to "mad money". >> jim, thank you so much for that introduction. that's fantastic. i saw you the other night talking to a reporter, and you caught my eye, and i went, hey, there's jim cramer, and then she caught me back to a question, so i didn't get a chance to say hello. >> i'm honored that you noticed me. brian, i'm just thrilled to have you, and i thought that this movie that you were in, "argo" was very realistic. i understand that you spent time with the cia learning how to do this character best. >> well, it was interesting, because i went in to langley, virginia, cia headquarters thinking that i was
it is about the guy that wants to be the steve jobs of crystal meth, but coming up with a better product, dealing with distribution, it is all in there, and that's why i am thrilled to be able to talk to brian cranstop who also stars in "argo" the iranian hostage crisis era spy movie that i just saw, and, by the way, it is fabulous, and i did go to see it because i hearted brian was in it. brian cranstop plays cia officer jack o'donnell. you saw him in the clip. mr. cranstop, welcome...
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. >> let's go to steve. steve-orino, you're up. >> caller: nice to meet you. >> how are you? >> caller: first off, i'd like to thank you for encouraging investors to manage their own money. if i can do it, anybody can do it. my question, to the t-mobile, psc deal. i would like to know, how will this affect the telecon industry? >> this is my theory on it. thank you about the kind words. i think t-mobile will merge with psc and bring it public and that will get it off telecon sheets. that's important. they don't want anything to do with t-mobile and that this is a way out. i don't think it will affect us so much. >>> ike in new york. >> caller: hey, jim. how are you? >> real good. how about you? >> caller: good, good, good. a big apple booyah to you. my question is about the comments shorting because of the taco bell competition. i find it difficult to compare the two. should i feel good about chipotle, go with yum? >> i like yum in the low 60s. i don't think it's taco bell that's causing problems at chipotle. it's a little expensive. business isn't that good it will look smar
. >> let's go to steve. steve-orino, you're up. >> caller: nice to meet you. >> how are you? >> caller: first off, i'd like to thank you for encouraging investors to manage their own money. if i can do it, anybody can do it. my question, to the t-mobile, psc deal. i would like to know, how will this affect the telecon industry? >> this is my theory on it. thank you about the kind words. i think t-mobile will merge with psc and bring it public and that will get it...
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as if somehow the company that steve jobs c
as if somehow the company that steve jobs c
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let's go to steve in wisconsin. steve? >> caller: hey, jim, boo-yah too you from kenosha, wisconsin. >> sweet! what's up? >> caller: hey, i'm interested in hospira, hospira, the generic -- >> we like hospira. >> buy, buy, buy! >> thinking about that kind of company. let's go to david in michigan. david? >> caller: hey, jim, i'm a big fan. how you doing? >> all right. how about you? >> caller: good, good. i was just curious where you see going from here. taking a big hit. >> i regard it as one of the worst investments i've ever made. i do prefer the gld if you want to own gold. i have to tell you i felt that the company on friday, i think they're a little aggressive, frankly. i think they're a little aggressive there are things that can go wrong. if gold really plummets, those gold miners will stop drilling. they will stop getting gold. and what will happen is the company's earning treatment will dry up. be careful. let's go to bo in kentucky. bo? >> caller: hey, jim, thanks for taking the call. love your show. computer sci
let's go to steve in wisconsin. steve? >> caller: hey, jim, boo-yah too you from kenosha, wisconsin. >> sweet! what's up? >> caller: hey, i'm interested in hospira, hospira, the generic -- >> we like hospira. >> buy, buy, buy! >> thinking about that kind of company. let's go to david in michigan. david? >> caller: hey, jim, i'm a big fan. how you doing? >> all right. how about you? >> caller: good, good. i was just curious where you see...
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would steve jobs approve of the direction of the company? would he fire cook or is there a direction at all? this piece of apple real estate changed hands intraday with the bears in charge giving the stock decline. i smell a manchurian candidate. we don't know who will win but in politics the divide grows increasingly vicious and confusing. here's the bottom line. whether it's the employment numbers, the steepness of the 2013 fiscal terrain, magnitude of earnings short falls or the surprises. the state of china's fortunes and the bipolar mine field of apple everything seems to be on the line every day. this is more confused by the fog of war than any i can recall for a long time. nate in california. nate. >> caller: cramer the dog, what's going on? >> the usual. what's going on? >> caller: i want to talk ebay. >> let's chat ebay. >> caller: all right. i bought it a few months ago. we both liked the stock. you have mentioned it a few times. it's up a little bit from a few months ago but it's on a dip now. they just released the new grouponesq
would steve jobs approve of the direction of the company? would he fire cook or is there a direction at all? this piece of apple real estate changed hands intraday with the bears in charge giving the stock decline. i smell a manchurian candidate. we don't know who will win but in politics the divide grows increasingly vicious and confusing. here's the bottom line. whether it's the employment numbers, the steepness of the 2013 fiscal terrain, magnitude of earnings short falls or the surprises....
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when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered because he had the wrong ceo and a guy who didn't understand the tech business but under current of apple when steve came back the reason they accelerated so successfully is in place was a great culture and great group of people who were still there. apple was in place, unfortunately they didn't have a right product division. >> do you have views on hewlett-packard? >> absolutely. greatest success of apple and part of my book is called the product vision. and hewlett-packard has totally lost its product vision. here they had the greatest printer in the world, they had the printer market, they don't do that anymor
when you think about apple post steve jobs and we saw what happened to apple post steve jobs in the '80s, can it keep up? >> absolutely. i think that he's put together a great team, leadership is very important within apple and steve took as much pride in leadership of apple as he did the product itself and he's crafted i think a great team to follow him. he can't be replaced. >> after he left in the '80s and you were there, apple faltered. it's easy to say. >> apple faltered...
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carly and steve, thank you very much. we appreciate it. >> thanks. >> up next the main event. >> vice president joe biden and congressman paul ryan, a frequent guest on "squawk" starts in five minutes on cnbc. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be cle
carly and steve, thank you very much. we appreciate it. >> thanks. >> up next the main event. >> vice president joe biden and congressman paul ryan, a frequent guest on "squawk" starts in five minutes on cnbc. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. if we want...
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so i've been friends with steve and i have invested with steve since 1980 and we were one of the first investors, one of the first three investors in wynn resorts in 19 -- in 2001, 2000-2001, market cap was then $1 billion. and one of the things that was interesting to me, we went out to visit you and we stayed in your home that night and went to a show at the bellagio and we were talking through the bellagio and we saw one person after another who worked there would keep coming up to you saying "mr. wynn, mr. wynn, i've worked for you my whole career. when you start your new business in las vegas i want to come work for you." one of the questions becky started off was mr. wynn, steve, how do you start a business. when i was talking with you the other day, i was asking you how do you manage a business and how do you start a business. one of the things you've told me all the time and always told me about is the customer experience, so the customer experience and the employee relationships that you have, how do you build those? why do they do that? why are they so loyal to you? >> well,
so i've been friends with steve and i have invested with steve since 1980 and we were one of the first investors, one of the first three investors in wynn resorts in 19 -- in 2001, 2000-2001, market cap was then $1 billion. and one of the things that was interesting to me, we went out to visit you and we stayed in your home that night and went to a show at the bellagio and we were talking through the bellagio and we saw one person after another who worked there would keep coming up to you...
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was steve jobs right when he said a tablet that size would be too small? >> the editor in chief of mashable. we've got a debate mehere, guys. rocco, it sounds like you think although it would be following amazon, it would be easy for apple to come in with a superior product, is that where you're coming from? >> definitely. i think apple is the kind of company that they can come in and kill a category. and i think that's what they want to do here. and i'm happy to see them doing it with what is rumored to be a $350 tablet and not a $199, you know, let's try to undercut amazon or google products. so if they come in with something premium that keeps that apple brand and the status of that apple brand, at that price point, i think they'll blow the category out. and i don't think it would be something that would hurt the image or hurt the brand too much. it's not a cheap knockoff. it's going to be something of apple quality. and -- >> with that in mind, if that's what they're doing, i'm onboard. >> something that elevates the category, lance, why do you disagre
was steve jobs right when he said a tablet that size would be too small? >> the editor in chief of mashable. we've got a debate mehere, guys. rocco, it sounds like you think although it would be following amazon, it would be easy for apple to come in with a superior product, is that where you're coming from? >> definitely. i think apple is the kind of company that they can come in and kill a category. and i think that's what they want to do here. and i'm happy to see them doing it...
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you were there chomping down on apple tearing behind the whole bullish cycle of the apple move, would steve jobs approve with the direction of the company and would he fire cook or is there direction at all? this piece of apple real estate changed hands with the bears clearly in charge of the mind share given the decline. i smell manchurian candidate within the share base. we don't know who will win day to day in this trench warfare but we know just like in politics the divide seems to grow increasingly vicious and confusing to people. will it be the trajectory numbers or the terrain, or surprises, the state of china's fortunes and how that cookie crumbles. the heady or lethargic status of the animal spirits and minefield that is apple, everything seems to be on the line every single day which is why this particular moment is more confused by the fog of war than any i can recall for a very long time. to nate in california. >> caller: what is going on? >> nothing unusual. how about you. >> caller: let's talk ebay. >> let's chat ebay. >> caller: i bought it a few months ago, we both liked the
you were there chomping down on apple tearing behind the whole bullish cycle of the apple move, would steve jobs approve with the direction of the company and would he fire cook or is there direction at all? this piece of apple real estate changed hands with the bears clearly in charge of the mind share given the decline. i smell manchurian candidate within the share base. we don't know who will win day to day in this trench warfare but we know just like in politics the divide seems to grow...
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steve liesman will be talking to them live. first he'll join us for a preview after this break. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as
steve liesman will be talking to them live. first he'll join us for a preview after this break. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many...
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remember, steve jobs came back from a vacation for the iphone 4 antenna gate issue. >> 4, right. >> the 4. they went through other issues that smartphones had, wasn't really a problem. some people had problems. it went away very quickly. this is the most valuable company on the face of the planet. there is a lot of media coverage around it, and there is a lot of good press that goes out there when things go negative or positive on apple. it is very bipolar. i notice when things go negative, then people start questioning and stock goes down and they question the fundamentals and the fundamentals here are very, very strong. things aren't perfect. supply chain is not perfect. the ipad had issues on the displays. they were quickly reconciled and they went on to be home runs. this will be no different. >> brian, thanks for checking in with us. >> thanks. >> brian white. coming up, the biggest calls on the street and machines gone wild, the mysterious algorithm accounting for 4% of trading activity last week alone. new details on this developing story, and netflix soaring over the past two we
remember, steve jobs came back from a vacation for the iphone 4 antenna gate issue. >> 4, right. >> the 4. they went through other issues that smartphones had, wasn't really a problem. some people had problems. it went away very quickly. this is the most valuable company on the face of the planet. there is a lot of media coverage around it, and there is a lot of good press that goes out there when things go negative or positive on apple. it is very bipolar. i notice when things go...
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steve, you got any thoughts on this on how to weigh in? >> i'm sorry, becky, i've been focused on the other interview, there were special factors, weather related sometimes you get a strike coming off back-to-work kind of thing coming off of claims. i don't know there was a special factor i saw any of the econo economists mention. i had it last time below 350 but not 340. this is, i'm going to call this an outlier until there's further evidence. there's no reason to think we've had this kind of acceleration to the upside, we were talking about reducing claims on this. i didn't hear the trade number. that's going to factor into gdp as well, that's something else we'll want to follow. >> is rick gone? >> don't start. don't start. joe explained it within a nanosecond. get jack on the phone. just call jack. >> we have three more thursdays, i think the claims number will be down by 139,000 by november 1st, whenever that is. can't we get it down to 139? >> we could do 139. >> steve pointed out crazy to get a conspiracy theory because this is sta
steve, you got any thoughts on this on how to weigh in? >> i'm sorry, becky, i've been focused on the other interview, there were special factors, weather related sometimes you get a strike coming off back-to-work kind of thing coming off of claims. i don't know there was a special factor i saw any of the econo economists mention. i had it last time below 350 but not 340. this is, i'm going to call this an outlier until there's further evidence. there's no reason to think we've had this...
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blankfein and steve regarding the fiscal cliff. debris there is an upside to the fiscal cliff but i think traders on this floor, they look at the fiscal cliff in a much different way. i'll tell you what i mean by that. we have fiscal cliff but what traders say is, that the real issue is the philosophical cliff, and i'll tell you what i mean by that. the fiscal cliff issues, you look at the markets, they seem nonplussed, okay? if build blankfein's right there's a bigup side if we solve it. if t wasn't that many days ago we were hovering at multiyear highs. i personally think the equity market's hanging in just fine. one would think if mr. blankfein had it pegged, there would be more pressure to allow for the rally. here's what traders say. this isn't political but maybe it is. they say if the president wins, he has not been very generous in reaching across to business. so they think the fiscal cliff in the little terms becomes a big philosophical issue for a president that doesn't have to worry about re-election. if he didn't try to
blankfein and steve regarding the fiscal cliff. debris there is an upside to the fiscal cliff but i think traders on this floor, they look at the fiscal cliff in a much different way. i'll tell you what i mean by that. we have fiscal cliff but what traders say is, that the real issue is the philosophical cliff, and i'll tell you what i mean by that. the fiscal cliff issues, you look at the markets, they seem nonplussed, okay? if build blankfein's right there's a bigup side if we solve it. if t...
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microsoft ceo steve ballmer has signalled a new direction. he's pointing to hardware and online services as its future, taking a page from longtime rival apple. he suggests microsoft may eventually build its new phones. >> that's a big shift. >> it's a huge shift for them to get into real hardware. they did make one of the -- i don't know if it was the surface or -- one of the prototypes for their tablet is manufactured by them. and it may be ultimately that you need to actually do the software. >> the software gets stolen by china and all these other places. they don't pay for it. so i guess you eventually want to shift to where -- >> i think that's part of it. but i think part of sit the seamless nature of what you're seeing by apple, and on some level by google, now that google owns motorola. i don't know if you saw this as well on ballmer. his income was published and he took a slight pay cut. he went from -- >> he's worth a billion dollars. >> but he was paid $1.4 million last year, or two years ago and went down to $1.3. >> that's a job
microsoft ceo steve ballmer has signalled a new direction. he's pointing to hardware and online services as its future, taking a page from longtime rival apple. he suggests microsoft may eventually build its new phones. >> that's a big shift. >> it's a huge shift for them to get into real hardware. they did make one of the -- i don't know if it was the surface or -- one of the prototypes for their tablet is manufactured by them. and it may be ultimately that you need to actually do...
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. >> steve liesman is here. we were going to talk about the markets and we have rick santelli in chicago, both of them as well but steve, since you were talking during the break with ken langone. >> let steve talk to rick. >> hey, rick, how are you? >> good morning. >> so we talked. is that good? >> no. >> no, i just want to say, ken, if i look, guys could you put up the chart of the payrolls? if i look at the payroll chart and i talk about what i think is the number you guys actually believe, which is the 114,000. look at what happened, we've revised up the past couple months, we had that swoon in march, april, may and june, okay, the unemployment rate stayed about the same. look to the left, we had a couple months above 200,000. let's focus on the number you believe. and let's talk about what jack welch said. when i looked at what he said there was one number i think jack had wrong. jack was saying we need 150,000 to 200,000 jobs to lower the unemployment rate. that is, was old thinking. we've changed that num
. >> steve liesman is here. we were going to talk about the markets and we have rick santelli in chicago, both of them as well but steve, since you were talking during the break with ken langone. >> let steve talk to rick. >> hey, rick, how are you? >> good morning. >> so we talked. is that good? >> no. >> no, i just want to say, ken, if i look, guys could you put up the chart of the payrolls? if i look at the payroll chart and i talk about what i think...
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i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the winter blend will allow the refiners reduce 10% of gasoline. that's like adding another refinery to the market. >> how much is this the structure of refining in that state. why is this happening? >> well, the evidence points towards refining problems. a fire at the chevron richmond refinery in august. power bumped knocked exxonmobil off line last monday. two of the big reasons. and then, of course, this is a difficult market to resupply from long distance. we're sort of an island. when there's a sudden supply short fall it's tough to get addi
i look forward to hearing from steve. as we heard from jane wells california drivers are fuming after a spike in gas prices last week sent prices up past $5 a gallon. the governor now has called for the immediate release of a cheaper but less environmental friendly blend of gas to help bring prices down. david hackett is an energy consultant in irvine, california. he joins us from there. good to see you, david. good morning. is this the solution? >> this is a great step. going to the...
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now it is from netflix a steve miller market. some people call me maurice, but this downgrade by bank of america -- >> i was doing the sound effects for maurice. >> i like that curious chainsaw you were doing. >> whatever i can do here. >> my wingman. >> your solid gold dancer. let's move on here to talk europe. german chancellor angela merkle visiting greece today for the first time since the european crisis began. she's meeting with greek prime minister this morning as protesters blame merkle for forcing painful cuts on greece in exchange for bailouts. meantime the imf is cutting the global forecast to 3.3% down from 3.5% and urging u.s. and european policymakers to deal with their fiscal issues or face a prolonged downturn. the imf is forecasting a contraction that underscores what we do already know and should be expecting out of the region. >> we are taking back one of the two rate hikes they had. there's not a single policy going on here. look what ireland was doing cramming down their banks. but if you can see, david, is t
now it is from netflix a steve miller market. some people call me maurice, but this downgrade by bank of america -- >> i was doing the sound effects for maurice. >> i like that curious chainsaw you were doing. >> whatever i can do here. >> my wingman. >> your solid gold dancer. let's move on here to talk europe. german chancellor angela merkle visiting greece today for the first time since the european crisis began. she's meeting with greek prime minister this...